Property

Weekly property review: Recently completed sales

Guest Author, March 25, 2020

Murranji Station, a 447,500ha cattle breeding operation bordering the Buchanan Highway, 370km south of Katherine was sold with 12,500 Brahman and Brahman cross cattle.

  • NT’s Murranji sells to an un-named QLD family
  • Moseley Dene sells prior to auction
  • Northern NSW country withdrawn

THIS week’s property review includes this wrap-up of recently completed sales, and a separate article on interesting recent listings across the country.

NT’s Murranji sells to an un-named QLD family

The large scale, well improved Northern Territory cattle station Murranji has sold to a Queensland family adding to their existing portfolio for around $23 million, including stock.

The 447,500ha breeding operation, pictured above, borders the Buchanan Highway, 370km south of Katherine, was offered for sale in June last year with 12,000 Brahman and Brahman cross cattle, but sold this week with a herd of 12,500.

It last transacted in December 2011 – during the depths of the Indonesian live export market closure – one month after it was passed-in at auction for $5 million bare of stock.

Murranji features areas of Mitchell and Flinders grass plains.

The vendors, the Venturin family, have a range of business interests in the Northern Territory, Queensland and South Australia, including the floodplain finishing property Finniss River Station, as well furnishing, retail liquor outlets and supermarkets.

Since purchasing Murranji nearly a decade ago, the Venturins have carried out significant capital improvements including waters and fencing, creating an additional 180,000ha of improved country, adding to the existing developed area of 110,000ha.

In addition, the capital expenditure includes the construction of an outstation complex complete with machinery/storage shed, accommodation, kitchen/dining facilities, as well as a 2500-head capacity livestock processing facility.

Murranji is well watered and boasts new or refurbished bores pump to all new tanks and troughs.

In June last year, Murranji Station was offered to the market for $23m on a walk-in walk-out basis, including 12,500 Brahman and Brahman-cross cattle.

Marketing agent Andy Gray from Ruralco Property Territory Rural would not disclose the sale price, but said the incoming purchaser intended to expand on the existing level of development, with an additional 150,000ha of undeveloped country providing the opportunity to create greater grazing capacity.

Moseley Dene sells prior to auction

A local farming family has paid a district record price for one of the best mixed farming blocks near Inverell, in northern New South Wales, prior to auction.

Held by the Uebergang family for four generations, the Moseley Dene aggregation offers excellent soils and is located five minutes’ drive from Inverell.

Moseley Dene comprises three adjoining properties spanning 1366ha of heavy self-mulching black soils that for 100 years have achieved record breaking yields for a variety of crops.

Due to the gently undulating topography and length of river flats, there is very little, if any, unproductive country.

Best known for its award-winning cropping history, Moseley Dene has also produced market-topping weaners and award-winning prime cattle.

Two sets of cattle yards are located on the property offering all weather access and a 300 head opportunity feedlot can be re-activated if required.

Numerous silos provide the ability to store bulk grain on farm and enhance the lotfeeding potential.

Situated on the Macintyre River, the property has numerous bores, both capped and flowing. It recently received beneficial rainfall and is anticipating more.

Held by the Uebergang family for four generations, the Moseley Dene aggregation offers the finest soils in the region and is located five minutes’ drive from Inverell.

Passed in: Northern NSW country withdrawn

Bruce and Georgie Butler have withdrawn their mixed farming holding, Wirrabilla in northern New South Wales, from the market, despite receiving what was considered a good offer at auction.

Spanning 791ha, Wirrabilla is situated 20 minutes from Bingara, at the top of the renowned Horton Valley, in an area highly regarded for its cattle production.

Bruce Birch from Ray White Rural, who also handled the sale of Moseley Dene, reports there were nine registered bidders at the auction, and despite reaching $2.7 million, the vendors elected to pass the property in and have subsequently withdrawn Wirrabilla from the market.

The soft undulating country comprises mostly red volcanic soils with grey loams that can carry 300 cows and calves. More than 600ha is arable.

Extensive contour banks have previously allowed for broadacre cropping of both oats and forage sorghum, allowing Wirrabilla to value-add by retaining weaners through to feedlot entry weights.

Wirrabilla, owned by Bruce and Georgie Butler, is situated 20 minutes from Bingara, at the top of the renowned Horton Valley – an area highly regarded for its cattle production.

Click here to access more property sales results.

 

 

 

 

 

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